Global Fall Detection System Market Revenue to Grow by over 4.5% Value CAGR During Forecast Period 2017-2025 | PMR

NEW YORK, October 5, 2017 /PRNewswire/ --

PMR delivers key insights and presents a revised forecast of the global

fall detection system market for an eight year period from 2017 to 2025 in a report titled "Fall Detection System Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)." The revision in the market size and forecasts have been carried out taking into account the impact of various macroeconomic indicators and other industry based demand driving factors, as well as the recent developments of key market participants. The global fall detection system market is projected to expand at a healthy CAGR of 4.5% in terms of value during the forecast period, revised from the previous CAGR of 4.9%, due to factors regarding which PMR offers useful insights in detail in this report. The fall detection system market is estimated to account for US$ 365.2 Mn in 2017 and is expected to increase to US$ 518.5 Mn by 2025. North America and APAC are expected to collectively account for nearly 57.7% revenue share of the fall detection system market in 2017.

(Logo: http://photos.prnewswire.com/prnh/20161114/438683LOGO )

The market for fall detection systems, though shrouded by high cost of equipment, false positives of equipment and lack of awareness, presents lucrative opportunities for manufacturers and service providers alike, as these offer ease of accessibility, affordability, and effective administration to potential customers. The report analyzes the global fall detection system market in terms of market value (US$ Mn) by product type, sensing modalities, technology, end user and region. It also provides information regarding market dynamics, competitive landscape, current trends, market estimations and forecast.

North America is expected to dominate the global fall detection market throughout the forecast period, driven by increasing number of falls among the geriatric population, rising prevalence of chronic diseases, proliferation of smartphones and adoption of fall detection systems as supportive tools for independent living. The market in U.S. for fall detection systems in North America holds the largest share. The fall detection system market in the U.S. is expected to increase from the current estimated value of US$ 136.9 Mn in 2017 to US$ 197.4 Mn by 2025, registering a CAGR of 4.7% over the forecast period. Rising number of falls among old people, increasing demand for fall detection systems due to their superior effectiveness and increased focus on maintaining superior quality of life are factors expected to boost overall demand in the fall detection system market in the near future.

By product type, the fall detection system market is segmented into automatic fall detection systems and manual fall detection systems. The automatic fall detection systems segment is expected to dominate the global fall detection systems market by the end of 2025. The segment is projected to register an above average growth rate over the forecast period.

By sensing modalities, the fall detection system market is segmented into wearable and non-wearable segments. Among these, the wearable segment is expected to dominate the overall market by 2025, owing to ease of use and portability of these devices and rising number of falls among the aging population as well as increasing adoption of new technologies by the elderly to live independently and safely at home.

By technology, the fall detection system market is segmented into GPS systems, mobile phones, and sensors. Among these, the sensors segment is expected to gain high demand in comparison to all other segments over the forecast period.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/18853

By end user, the fall detection system market is segmented into home care settings and senior assisted living facilities. Among these, the home care settings segment is expected to remain the most attractive and is estimated to account for 70.7% share of the global market by 2017 end, and further increase to 74.2% by 2025.

Long-term Outlook: The global fall detection system market is expected to increase at a CAGR of 4.5% in terms of revenues during the forecast period 2017-2025. North America and Europe will continue to be the leading markets during the forecast period 2017 to 2025.

Buy Fall Detection System Market Report

ABOUT US:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Your comments are automatically posted once they are submitted. All comments are however constantly reviewed for spam and irrelevant material (such as product or personal advertisements, email addresses, telephone numbers and website address). Such insertions do not conform to our policy and 'Terms of Use' and are either deleted or edited and republished.Please keep your comments brief and relevant.This section may also have questions seeking help. If you have the information you are welcome to respond, but please ensure that the information so provided is genuine and not misleading.

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment.Full Disclaimer